Swastika Investmart Proposes Issuance of 90.5 Lakh Warrants

Swastika Investmart Ltd announced a proposed issuance of 90,50,000 warrants convertible into equity shares on a preferential basis. The company obtained requisite consent from its members at an Extra-Ordinary General Meeting held on August 14, 2026. Each warrant is priced at Rs. 63.64, with a total issue size aggregating up to Rs. 57.59 Crores. The warrants are convertible within eighteen months of allotment, with 25% payable at subscription and 75% upon exercise. Unexercised warrants will lapse, and the initial consideration will be forfeited.